Cleararc Capital Inc buys $3,427,274 stake in Vulcan Materials Company (VMC)

Vulcan Materials Company (VMC) : Cleararc Capital Inc scooped up 25,567 additional shares in Vulcan Materials Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 28,820 shares of Vulcan Materials Company which is valued at $3,427,274.Vulcan Materials Company makes up approximately 0.64% of Cleararc Capital Inc’s portfolio.

Other Hedge Funds, Including , Herndon Capital Management added VMC to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $1,488.Confluence Investment Management boosted its stake in VMC in the latest quarter, The investment management firm added 659 additional shares and now holds a total of 2,733 shares of Vulcan Materials Company which is valued at $343,429. Vulcan Materials Company makes up approx 0.01% of Confluence Investment Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in VMC by selling 200 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 8,700 shares of VMC which is valued at $1,093,242. Vulcan Materials Company makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.Trust Co Of Vermont reduced its stake in VMC by selling 50 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 1,750 shares of VMC which is valued at $219,608. Vulcan Materials Company makes up approx 0.03% of Trust Co Of Vermont’s portfolio.

Vulcan Materials Company opened for trading at $119.21 and hit $119.74 on the upside on Tuesday, eventually ending the session at $119.45, with a gain of 0.45% or 0.54 points. The heightened volatility saw the trading volume jump to 7,65,823 shares. Company has a market cap of $15,895 M.

On the company’s financial health, Vulcan Materials Company reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $1.01. The company had revenue of $956.80 million for the quarter, compared to analysts expectations of $1020.57 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Vulcan Materials Company. Company shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 140 from a previous price target of $127 .Alembic Global Advisors Initiated Vulcan Materials Company on Jun 9, 2016 to “Neutral”, Price Target of the shares are set at $125.Company shares were Reiterated by Stifel on May 16, 2016 to “Buy”, Firm has raised the Price Target to $ 131 from a previous price target of $123 .

Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates 335 aggregates facilities. The Company has four segments organized around its principal product lines: Aggregates Concrete Asphalt Mix and Calcium. The Aggregates segment produces and sells aggregates (crushed stone sand and gravel sand and other aggregates) and related products and services (transportation and other). The Company produces and sells ready-mixed concrete in Georgia Maryland New Mexico Texas Virginia Washington D.C. and the Bahamas. The Company produces and sells asphalt mix in Arizona California New Mexico and Texas. The Company’s Calcium segment operates a quarry at Brooksville Florida which provides feedstock for the ground calcium operation.

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